With this acquisition, the firm now holds a total of 3,967,210 ETH, equivalent to $12.4 billion, along with 193 BTC valued at $17 million and $1 billion in cash. The company maintains its “alchemy of 5%” goal, a plan for systematic Ethereum accumulation.
Tom Lee, chairman of BitMine and CIO of Fundstrat, stated that Ethereum has already reached its lowest point of the year and that the firm is “putting its money where its mouth is,” reinforcing its treasury while prices remain low. According to Lee, recent market stability following the October 10 price shock, combined with favorable U.S. regulatory and legislative improvements, strengthens the belief that better days for ETH are ahead.
Beyond direct purchases, BitMine is developing its own staking system, called the Made in America Validator Network (MAVAN), designed to generate additional revenue on its ETH. Lee estimates this mechanism could provide up to $400 million annually in returns, offering an extra income stream.
BitMine consolidates itself as the strongest Ethereum treasury firm in the market, combining systematic purchases with infrastructure development. The company is taking advantage of the price correction to increase its exposure and generate complementary returns
